Oaktree

Howard Marks co-founded Oaktree in 1995, where he helps uphold the firm's investment philosophy, works with clients on products and strategies, and contributes to decisions on investments and corporate direction. From 1985 to 1995 he led distressed debt, high yield bond, and convertible securities groups at The TCW Group, and previously spent 16 years at Citicorp Investment Management in roles including portfolio manager and Director of Research. He holds a B.S. in economics from the Wharton School and an MBA from the University of Chicago's Booth School of Business, and is a CFA charterholder.

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Armen Panossian is Co-Chief Executive Officer of Brookfield's Credit Group, where he oversees investments, operations, and the growth of the credit business. He also serves as Head of Performing Credit at Oaktree, overseeing its liquid and private credit strategies, and works as a portfolio manager across the firm's global private debt and global credit strategies. He joined Oaktree in 2007 from Pequot Capital Management and holds degrees from Harvard Business School, Harvard Law School, and Stanford.

John Frank is Vice Chairman of Oaktree, which he joined in 2001 as General Counsel before becoming Managing Principal in 2006, a role he held for about nine years as the firm's principal executive officer. Before Oaktree, he was a partner at the Los Angeles law firm Munger, Tolles & Olson, handling M&A transactions and advising corporate boards, and earlier clerked for Judge Frank M. Coffin of the U.S. Court of Appeals for the First Circuit. He holds a B.A. in history from Wesleyan University and a J.D. from the University of Michigan Law School.

Sheldon Stone is a founding Principal of Oaktree and created the firm's High Yield Bond area, where he co-manages its U.S. High Yield Bond and Global High Yield Bond strategies. He previously established and ran TCW's High Yield Bond department with Howard Marks starting in 1985, worked with Marks at Citibank, and served as a director of corporate finance at The Prudential Insurance Company from 1978 to 1983. He holds a B.A. from Bowdoin College and an M.B.A. in accounting and finance from Columbia University.

Bruce Flatt is Chief Executive Officer of Brookfield Corporation and Brookfield Asset Management Ltd. He joined Brookfield in 1990 and became CEO in 2002, and has served as a director since October 2019. He previously ran Brookfield's real estate and investment operations and has held numerous public company board roles.

Craig Noble is Executive Chair of Brookfield's Credit Group, where he oversees strategy across the firm's credit strategies and partnerships with affiliated managers, and sits on Brookfield's Executive Committee. He joined Brookfield in 2004 and has held senior roles including CEO of the Credit and Alternative Investment businesses, as well as CIO and CEO of the firm's public securities business, with earlier investment roles in credit and infrastructure. He holds an MBA from York University and a Bachelor of Commerce from Mount Allison University, and is a CFA charterholder.

Depelsha McGruder has served as an outside director at Oaktree since February 2021 and is a member of the Audit Committee. She is chief operating officer and treasurer of the Ford Foundation, overseeing functions including finance, IT, international operations, and grants management across offices in multiple regions. She previously was COO of New York Public Radio and spent 17 years in leadership roles at Viacom's MTV and BET Networks, and began her career as a broadcast journalist and later a strategy consultant at Accenture. She holds a B.A. from Howard University and an M.B.A. from Harvard Business School.

Jay Ghiya is Chief Operating Officer at Oaktree, overseeing the firm's day-to-day management; before this role he was responsible for the firm's Data, Technology, Investment Operations, Risk and Reporting, and Tax functions. He joined Oaktree in 2008 from Munger, Tolles & Olson LLP, where he worked as a transactional attorney focused on joint ventures, investment funds, M&A, and financing transactions. He holds a BA from the University of California, Riverside and a JD from the University of Southern California Law School.

Justin Beber is Chief Operating Officer of Brookfield Corporation, where he oversees corporate operations including strategy, human resources, risk management, technology, legal, compliance, and internal audit, and sits on Brookfield's Executive Committee. He joined Brookfield in 2007, having previously been a partner at a Toronto law firm focused on corporate finance, M&A, and private equity. He holds a combined MBA and LL.B from York University's Schulich School of Business and Osgoode Hall Law School, along with a Bachelor of Economics from McGill University, and has served as an Oaktree director since 2019.

Mansco Perry has been a director at Oaktree since February 2023 and serves on the Audit Committee. He was Executive Director and Chief Investment Officer of the Minnesota State Board of Investment from 2013 until retiring in 2022, and previously held CIO roles at Macalester College and the Maryland State Retirement and Pension System. He holds a B.A. from Carleton College, an M.B.A. from the University of Chicago, and a J.D. from the William Mitchell School of Law.

Marna Whittington, Ph.D., has served as an outside director of Oaktree since June 2012 and sits on its Audit Committee. She previously was CEO of Allianz Global Investors Capital until retiring in 2012, COO of Allianz Global Investors, and earlier COO of Morgan Stanley Investment Management, having entered the investment management industry in 1992 at Miller Anderson & Sherrerd. Her earlier career included roles as CFO of the University of Pennsylvania and Secretary of Finance for the State of Delaware, and she holds an M.S. and Ph.D. in quantitative methods from the University of Pittsburgh and a B.A. in mathematics from the University of Delaware.

Steven Gilbert has served as an outside director since October 2016 and sits on the Audit Committee. He founded and chairs Gilbert Global Equity Partners, an institutional investment firm started in 1997, and previously founded Soros Capital, Commonwealth Capital Partners, and Chemical Venture Partners. He is Vice Chairman of the Executive Board of MidOcean Equity Partners and holds a J.D. from Harvard Law School, an M.B.A. from Harvard Business School, and a B.S. in economics from the Wharton School of the University of Pennsylvania.